Page 111 - CityofSouthlakeFY26AdoptedBudget

Unemployment in Southlake

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Unemployment rate is an important indicator in measuring the health of a local economy. Changes in
the unemployment rate are related to changes in personal income, and are thus a measure of, and an
influence on, the community’s ability to support its business sector. Southlake’s unemployment has
historically been below that of the DFW market and has declined since its peak in 2011. We continue to
see that the Southlake unemployment continues to trend below the state (4.1%) rate.

Year Unemployment Rate Year Unemployment Rate
2011 6.6% 2019 3.1%
2012 5.7% 2020 5.0%
2013 5.3% 2021 4.1%
2014 4.4% 2022 3.0%
2015 3.6% 2023 3.5%
2016 3.2% 2024 4.0%
2017 3.4% 2025* 3.7%
2018 3.3%

*Calendar year shown as year to date

FY 2026 City of Southlake | Budget Book 111